Mountain Lake Acquisition Corp. (NASDAQ:MLAC) Short Interest Update

Mountain Lake Acquisition Corp. (NASDAQ:MLAC) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 213,848 shares, an increase of 13.2% from the March 31st total of 188,971 shares. Based on an average daily volume of 23,050 shares, the short-interest ratio is presently 9.3 days. Approximately 1.3% of the company’s shares are sold short.

Mountain Lake Acquisition Stock Performance

Shares of Mountain Lake Acquisition stock opened at $10.57 on Friday. Mountain Lake Acquisition has a one year low of $10.12 and a one year high of $10.69. The stock’s 50-day moving average is $10.54 and its 200 day moving average is $10.46.

Mountain Lake Acquisition (NASDAQ:MLAC) last announced its earnings results on Friday, February 20th. The company reported $0.07 EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. TENOR CAPITAL MANAGEMENT Co. L.P. raised its stake in Mountain Lake Acquisition by 300.0% during the 4th quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 2,000,000 shares of the company’s stock worth $20,800,000 after buying an additional 1,500,000 shares during the period. Wolverine Asset Management LLC raised its stake in Mountain Lake Acquisition by 5.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 1,642,711 shares of the company’s stock worth $16,920,000 after buying an additional 89,253 shares during the period. Pantera Capital Partners LP acquired a new position in Mountain Lake Acquisition during the 4th quarter worth approximately $7,800,000. Glazer Capital LLC raised its stake in Mountain Lake Acquisition by 9.9% during the 4th quarter. Glazer Capital LLC now owns 686,692 shares of the company’s stock worth $7,142,000 after buying an additional 62,080 shares during the period. Finally, Meteora Capital LLC acquired a new position in Mountain Lake Acquisition during the 4th quarter worth approximately $6,025,000.

Mountain Lake Acquisition Company Profile

Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries. The company was formerly known as Bilbao Street Limited and changed its name to Malacca Straits Acquisition Company Limited in February 2020. Malacca Straits Acquisition Company Limited was incorporated in 2019 and is based in Central, Hong Kong.